Jacobs Awarded Contract By INEOS Enterprises
Pasadena, CA /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has been awarded a design and fabrication contract by INEOS Enterprises Limited for two gas-gas heat exchangers to be installed in a sulfuric acid plant at its Runcorn, Cheshire site in the United Kingdom.
Officials did not disclose the contract value.
INEOS Enterprises selected Jacobs' proprietary Chemetics® radial flow gas-gas heat exchanger design over other available designs on the basis that it provides the most appropriate design and technical solution for INEOS Enterprises' plant. The equipment is expected to be fabricated at Jacobs' facility in Pickering, Ontario.
Jacobs Group Vice President Andy Kremer stated, "The award of this project confirms the technical strength of our proprietary equipment design, supported by our exceptional experience, and we look forward to working with INEOS Enterprises to add value to the performance and reliability of its plant."
INEOS Enterprises consists of a portfolio of eleven businesses manufacturing chemicals throughout Europe, with sales to customers around the world. Its diverse product portfolio includes a number of leading market brands; serves a wide range of industry sectors with applications in agriculture, food and drink, automotive, personal care, pharmaceuticals, construction and technology; and supplies intermediates in the production of other chemical products.
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2011 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.
SOURCE Jacobs Engineering Group Inc.
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